Blockchain Game Potential and Challenges in Indonesia

Based on a survey conducted by Newzoo with Crypto.com, as much as 40% Gamers in the United States, United Kingdom, and Indonesia are interested in blockchain game and plan to give it a try this year. However, only 5% Gamers who claimed to be very interested in blockchain game.

While 35% Gamers others said they were just quite interested. However, this did not dampen the enthusiasm of a number of developers game Indonesia to develop blockchain game.

Industry State Ranges in Indonesia

In 2018, total industry revenue game in Indonesia reached US$1,1 billion, based on data from Newzoo. Meanwhile, last year, the total spending gamers Indonesia reached US$1,9 billion.

This shows the huge potential of the industry game in Indonesia. Unfortunately, from the total spending Gamers Indonesia, local developers only get US $ 7 million, said Arief Widhiyasa, Chairman of Agate on GamesBeat.

The Indonesian government itself has shown an interest in developing the digital economy in the country, including in the realm of game.

So far, Indonesia has even succeeded in spawning 14 unicorns, that is startup which has a valuation of more than US$1 billion. This means that 38% of the total unicorns in Southeast Asia come from Indonesia. It's just, there's no one unicorn it comes from the industry game.

Comparison of the game ecosystem in Indonesia and other Asian countries.

In fact, if successful, the company game can also make a major contribution to the economy of a country. For example, Supercell from Finland. The Finnish government once provided a loan of US$400 thousand to Supercell. And in 2018, Supercell paid $122 million in taxes in the year following success with Clash of Clans.

In total, the industry game Finland has a total income of US$3 billion and employs about 3,6 thousand people. In comparison, in Indonesia, there are only more than 25 companies game employing more than 2 thousand staff.

Potency Blockchain Games in Indonesia

Popularitas cryptocurrency such as Bitcoin and Ethereum make the wider community more familiar with blockchain. And now, company game Indonesia seems to want to use technology blockchain to disrupt the industry game local.

At least, that's what Ivan Chen, CEO of Anantarupa, creator of Lokapala. He said, mostly Gamers local already has cryptocurrency. It makes him optimistic, Gamers in Indonesia will have an open mind to try blockchain game.

"In the local market, I don't see any problems," said Diana Paskarina, COO and Co-founder of Anantarupa, quoted from GamesBeat. "I think people understand that when you get something in game traditional, they don't really have items the. But, with blockchain and NFT, you will get more value and society understands that."

Localapa made by Anantarupa. | Source: YouTube

"The trend we see in Southeast Asia, people are more willing to try something new," said Wei Zhou, CEO of Coins.ph, exchange crypto in the Philippines.

"Most of the population in ASEAN is young and most of them do not have bank accounts. All of these things form a unique dynamic. Developers will emerge from Southeast Asia, who create products for Southeast Asian consumers. In the era of Web2, we are the ones who spend money on companies game. With Web3, I started to feel that economic transactions were two-way."

Meanwhile, yacht Siu, Executive Chairman of Animoca Brands, said, when compared to Gamers American or European origin, Gamers in Asia doesn't seem to have that much hatred towards blockchain game. In fact, Axie Infinity could be so popular in 2021 because game it is played by many Gamers from Southeast Asia, including the Philippines, Vietnam, Malaysia, and Indonesia.

At the same time, Siu continued, it is undeniable, there are many Gamers who already don't like blockchain game. Their concern will be blockchain game which aims to deceive its players is also a real fear.

Challenges in the Industry Blockchain Games

As a relatively new industry, blockchain game offers its own challenges for companies that are struggling in it. Through blog-his, Adam Ardisasmita, CEO of Arsanesia and VP of the Indonesian Game Association (AGI), tries to describe some of the problems that exist in the game blockchain game now.

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Read more at Hybrid.co.id: Blockchain Game Potential and Challenges in Indonesia